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Anybody wanna buy a wreck?
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* In my opinion, this hotel was needlessly run into the ground and then was mysteriously rendered inoperable and uninhabitable.
So, I’ll volunteer to buy it if they promise to first tear it down and give me $20 million.
A rooftop communications lease generates monthly revenue of $12,000+, available separately from the real estate.
The property’s approximately 50,000± SF of meeting, banquet and event space position the asset to accommodate conventions, government functions, corporate meetings, association events, weddings and other social gatherings.
This combination of extensive guest accommodations and large-scale event facilities creates a compelling opportunity for hospitality investors, owner-operators and redevelopment groups.